Tuesday, May 13, 2025

Reentry: Elon Musk's ever increasing ambition



In Reentry: SpaceX, Elon Musk, and the Reusable Rockets that Launched a Second Space Age, Eric Berger delves into Elon Musk's pivotal role in transforming SpaceX from a fledgling startup into a dominant force in space exploration.

I was amazed by SpaceX’s sheer speed—how fast the teams moved, how quickly they iterated, always pushing forward while accepting some risk. The insane work ethic. And the at times real and sometimes artificially im posed penny-pinching approach to budgets.

But what struck me most was how Musk’s ambition kept multiplying. With every step forward, even before the last one was fully wrapped up, his vision grew bigger, already reaching for the next level before they’d even landed the last. That unwavering ambition is highlighted in Berger's narrative and can be categorized into his mindset, behaviors, and actions:


Ambitious Mindset

Elon Musk’s mindset is defined by an  implausible vision: not just building rockets, but making life multiplanetary. In Reentry, Eric Berger shows how Musk questions long-held aerospace assumptions—especially the idea that rockets can’t be reused—by blending a startup’s speed with a futurist’s ambition. He treats risk as fuel for innovation, creating a culture where failure isn’t feared but welcomed as part of learning. This kind of thinking drives SpaceX’s boldest leaps and frames ambition as both necessary and non-negotiable.


Ambitious Behavior

Musk doesn’t just talk about vision—he operates inside it. He stays deeply involved in engineering challenges and pushes his teams with relentless intensity. Berger portrays him as a leader who expects from others what he gives himself: full commitment, long hours, and total focus. His management style is aggressive but purposeful—launching massive, parallel initiatives like Starship and Starlink with full awareness of their complexity. He thrives in this kind of pressure, and he builds a company culture that does too.


Ambitious Actions

These behaviors translate into groundbreaking actions that redefine spaceflight. Under Musk’s leadership, SpaceX engineers and launches the Falcon 9, the first orbital-class rocket that flies, lands, and flies again—reshaping the economics of launching anything into orbit. Berger details how Musk wins critical NASA contracts, gaining not just funding but credibility in an industry built on institutional trust. He also secures access to iconic launchpads like Cape Canaveral, outmaneuvering legacy aerospace players and positioning SpaceX at the heart of a new space age.


Berger's account in Reentry portrays Musk as a figure whose extraordinary ambition—manifested through a visionary mindset, assertive behaviors, and groundbreaking actions—has forever altered the possibilities of space exploration.


This article was first post on LinkedIn on May 13, 2025

Tuesday, May 6, 2025

The Fictiv acquisition by MiSUMi is a strategic exit in digital manufacturing



On April 17, 2025, MiSUMi announced the acquisition of Fictiv for a reported $350M, marking a notable outcome in the digital manufacturing space.

Founded in 2013, Fictiv raised $192M from investors including Accel, G2 Venture Partners and others. The latest round was a $100M Series E from Activate Capital Partners. Its managed marketplace model—focused on speed, traceability, and quality control—found strong product-market fit with enterprise hardware teams. The company distinguished itself with a vertically integrated approach and deep customer engagement.

For MiSUMi, a global supplier of configurable components, the acquisition accelerates its digital transformation and strengthens its U.S. presence. Given its ~$4B market cap the acquisition constitutes a major investment.

From an investor lens, this signals a few important dynamics:

  • Digital manufacturing is consolidating. Platforms with differentiated business models and strong customer relationships are attracting strategic buyers.

  • Fictiv and Xometry (current market cap: $1.4B) represent contrasting approaches: Fictiv emphasizes quality and service; Xometry is optimized for scalability through AI and a self-service model. Both now have strategic or public outcomes.

  • Strategic exits are viable in B2B marketplaces, especially where tech and operational execution solve persistent industry frictions.

A strong reminder that in capital-intensive, digitally lagging industries, vertical integration and operational excellence can drive both impact and exit.


This post was first published on LinkedIn on May 6, 2025.

Saturday, May 3, 2025

Industrial Tech Startups In The San Francisco Bay Area


The San Francisco Bay Area and Silicon Valley are considered the worldwide center of software and technology innovation.

The SF Bay Area was a hot bed of industrial production up until the end of the cold war.  However, one Tesla plant does not make up for the little that is left of that industrial base.

A new generation of disruptive industrial tech and manufacturing startups has been funded since 2012, the top ten alone to the tune of more than 2.7B US Dollars:

Vertically integrated manufacturing startups dominate the top 10. Six of the top ten are founder led, and two of the top 10 were founded in 2012; the last in 2018.

Read 👉 here 👈 for the complete overview and deep dives.

This article was first published on LinkedIn on September 21, 2023.

The market dynamics of Industrial Tech software

 

Image credit: presentationpoint.com/blog/data-signals-triggers-industry-4-0

The automation industry has completed 3 transformations, and each transformation has created a new set of players.

The market for business process software alone was > $60 Billion in 2022. It is dominated by established SW generalists, SW specialists and industrialist companies. These incumbent players have acquired to enter new market segments.

Will new standalone companies establish themselves in the Industry 4.0 category?

Read 👉 here 👈 for a comprehensive overview. 

This article was first published on LinkedIn on October 24, 2023

HXM Software Trends

 

Credit: GPT


Human Experience Management (HXM) is one of the most exciting software markets segments: People constantly change, and sometimes very quickly. Each emerging generation, such as millennials and Gen Z, introduces novel behaviors and expectations. Underlying trends such as artificial intelligence technologies, a growing contingent workforce, the ongoing globalization, and most recently, the impact of the coronavirus pandemic, result in exciting changes in the workplace.

👉This deck 👈 provides an overview of HXM trends, software categories, IPOs, mergers and acquisitions, of unicorn startups and of the mega trend 'distributed work' as of 2022.


This article was first published on LinkedIn on January 9, 2024

Where German Tech Unicorn Founders Should Go Public


Many founders of tech unicorns in Germany have to choose whether to go public in Germany or in the US. These choices come with big trade offs regarding incorporation and board governance.

To cut to the chase: Tech founders wanting to play in the big leagues should list on NASDAQ or NYSE in the US.

👉 And this is why 


Viele Gründer von Tech Unicorns in Deutschland müssen sich entscheiden, ob sie in Deutschland oder in den USA an die Börse gehen wollen. Diese Entscheidungen verlangen nach einer umfassenden und gründlichen Abwägung der verschiedenen Optionen. 

Aber um es kurz zu machen: Tech Startupgründer, die in der ersten Liga mitspielen wollen, sollten an der NASDAQ oder NYSE in den USA notieren.

👉 Und hier ist warum 


This article was first published on LinkedIn on September 12, 2023

How UiPath’s European Founder Kept Control and Built an Expert Board of Directors For His High Tech Startup

 


European startup founders typically raise their first funding rounds from European venture capital firms.

While being private they tend to be subject to governance rules which have been copied from the US venture markets.

The awakening comes as the successful founders approach the opportunity to take their startup public in Europe: They are often faced with lower valuations, loss of founder control, and with boards which are elected by shareholders without CEO and founder input and control. And hence, Daniel Dines of UIPath elected to list the company's shares on NYSE.

Going public on U.S. markets like NYSE or NASDAQ comes with specific governance boundary conditions. For instance, they allow for the founder CEO to serve as the chair of the board of directors. An in reality, UIPath is a founder 'controlled company' in NYSE terms but tries not to appear as such. For instance, three of the board members are venture capitalist who helped fund the company and yet are listed as 'independent directors'. It is not surprising, that UiPath's governance score is low. 

But there is no statistical correlation between a company's governance score and total return to shareholders. 

Read on if you want to find out how UiPath’s Daniel Dines kept control and built an expert board of directors for his high tech startup 👉 here 👈


This article was first published on LinkedIn on December 5, 2023